Merchants Bancorp (MBIN) Expected to Announce Earnings of $0.53 Per Share

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Analysts expect Merchants Bancorp (NASDAQ:MBIN) to post earnings of $0.53 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Merchants Bancorp’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.54. Merchants Bancorp reported earnings of $0.50 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6%. The business is scheduled to announce its next quarterly earnings results on Monday, April 29th.

According to Zacks, analysts expect that Merchants Bancorp will report full-year earnings of $2.25 per share for the current financial year, with EPS estimates ranging from $2.21 to $2.30. For the next financial year, analysts expect that the firm will post earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.48. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Merchants Bancorp.

Merchants Bancorp (NASDAQ:MBIN) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). The company had revenue of $38.91 million for the quarter, compared to analysts’ expectations of $36.05 million. Merchants Bancorp had a net margin of 33.07% and a return on equity of 17.53%.

MBIN has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Merchants Bancorp from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, January 4th. ValuEngine raised shares of Merchants Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th.

Several large investors have recently added to or reduced their stakes in MBIN. Metropolitan Life Insurance Co. NY grew its position in shares of Merchants Bancorp by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,589 shares of the company’s stock worth $112,000 after buying an additional 4,365 shares during the period. Bank of America Corp DE grew its position in shares of Merchants Bancorp by 94.3% in the 4th quarter. Bank of America Corp DE now owns 10,242 shares of the company’s stock worth $205,000 after buying an additional 4,972 shares during the period. MetLife Investment Advisors LLC purchased a new stake in shares of Merchants Bancorp in the 3rd quarter worth about $312,000. SG Americas Securities LLC purchased a new stake in shares of Merchants Bancorp in the 3rd quarter worth about $405,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Merchants Bancorp in the 3rd quarter worth about $408,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

Merchants Bancorp stock traded up $0.20 during mid-day trading on Wednesday, reaching $23.31. 828 shares of the company traded hands, compared to its average volume of 24,097. The company has a current ratio of 1.05, a quick ratio of 0.79 and a debt-to-equity ratio of 0.51. The company has a market cap of $669.00 million, a P/E ratio of 11.26 and a beta of 0.88. Merchants Bancorp has a 52-week low of $18.85 and a 52-week high of $29.15.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.07 dividend. The ex-dividend date was Thursday, March 14th. This is an increase from Merchants Bancorp’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.20%. Merchants Bancorp’s dividend payout ratio is currently 13.53%.

About Merchants Bancorp

Merchants Bancorp operates as the diversified bank holding company in the United States. The company operates in three segments: Multi-family Mortgage Banking, Mortgage Warehousing, and Banking. The Multi-family Mortgage Banking segment originates and services government sponsored mortgages for multi-family and healthcare facilities.

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Earnings History and Estimates for Merchants Bancorp (NASDAQ:MBIN)

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